Parkville budget process shows vanishing surplus

Parksville council held their first public budget meeting of the year

Parksville council held their first public budget meeting of the year, looking at the big picture and a provisional five year plan that would see infrastructure projects lead to a deficit in 2017.

“The good news is we’re in very good shape,” said mayor Chris Burger. Council froze 40 per cent of the budget areas last year and assumed the other areas would have to go up, but he said “staff managed to hold the line across the board” and the first draft of the budget includes almost no increase.

Despite that the initial draft includes the three percent residential property tax increase and four percent commercial, laid out in the 2011-15 financial plan, with money going into the accumulated surplus fund toward scheduled infrastructure work.

Burger pointed out that due to inflation, freezing a budget is the same as a slight decrease, putting extra pressure on already stretched staff and services.

In the draft proposed by the financial department — including three percent tax increases each year — scheduled projects would deplete the city’s $3 million surplus by 2017 requiring considerable further tax increases, borrowing and/or deferring projects.

He said that while they always try to underestimate revenue and overestimate expenses, and they still hope for infrastructure grants, council is going to have to start making tough decisions about future priorities.

He added that the general fund projects are closely related to discussions around a new Englishman River water intake and provincially required treatment facility, which will come out of a separate water service fund.

The city’s 2011-2015 financial plan is available on the website at, under the Financial Reports tab on the right.

This was the first of a series of public budget meetings, more will be scheduled in the near future and posted to the website as needed.


Just Posted

Single-use retail plastic bags to be banned in Parksville March 1

Over the next few months, the city will undertake public education outreach

Retail pot business interest in Parksville

City gets two referrals for licences; QB expected to have first cannabis store soon

Motorcyclist collides with bear in Coombs

The man was transported to hospital

VIDEO: This is what buying legal pot in B.C. looks like

Take a look inside B.C.’s first and only legal pot shop located in Kamloops

B.C. NDP retreats again on empty-home tax for urban areas

Rate reduced for all Canadians, dissident mayors to get annual meeting

Jets score 3 late goals to beat Canucks 4-1

Winnipeg ends three-game Vancouver win streak

San Group announces plans to build new sawmill in Port Alberni

San Group has purchased 25 acres of Catalyst Paper land for expansion

Shots fired at Vancouver Island house during fight

Shots were fired at about 2:30 p.m. Thursday in 500 block of Kennedy Street, say Nanaimo RCMP

‘Aquaman’ star Jason Momoa spotted around Campbell River

Actor, best known for his role in ‘Game of Thrones’, is in town to film television series ‘See’

Two B.C. cannabis dispensaries raided on legalization day

Port Alberni dispensaries ticketed for “unlawful sale” of cannabis

Canada not sending anyone to Saudi business summit

Sources insist Ottawa never intended to dispatch a delegation this time around

Earthquake early-warning sensors installed off coast of B.C.

The first-of-its kind warning sensors are developed by Ocean Networks Canada

VPD ordered to co-operate with B.C. police watchdog probe

According to the IIO, a court is ordering Vancouver police to co-operate with an investigation into a fatal shooting

Most Read